Easterly Acquisition Corp (EACQ) Expected to Announce Earnings of $0.37 Per Share

Wall Street brokerages expect that Easterly Acquisition Corp (NASDAQ:EACQ) will post $0.37 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Easterly Acquisition’s earnings. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Easterly Acquisition will report full-year earnings of $1.07 per share for the current fiscal year. For the next financial year, analysts expect that the firm will post earnings of $1.50 per share. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Easterly Acquisition.

In related news, major shareholder Polar Asset Management Partner sold 249,000 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $10.50, for a total transaction of $2,614,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 25.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Berkley W R Corp grew its stake in Easterly Acquisition by 8.2% during the second quarter. Berkley W R Corp now owns 960,218 shares of the company’s stock valued at $9,890,000 after acquiring an additional 73,125 shares in the last quarter. K2 Principal Fund L.P. grew its stake in Easterly Acquisition by 77.2% during the second quarter. K2 Principal Fund L.P. now owns 1,315,316 shares of the company’s stock valued at $13,548,000 after acquiring an additional 573,053 shares in the last quarter. Periscope Capital Inc. lifted its position in Easterly Acquisition by 7.8% during the second quarter. Periscope Capital Inc. now owns 271,900 shares of the company’s stock valued at $2,801,000 after purchasing an additional 19,600 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its position in Easterly Acquisition by 22.6% during the second quarter. Mizuho Securities USA LLC now owns 1,920,565 shares of the company’s stock valued at $19,686,000 after purchasing an additional 353,918 shares during the last quarter. 60.24% of the stock is owned by institutional investors.

EACQ opened at $10.51 on Wednesday. Easterly Acquisition has a fifty-two week low of $9.45 and a fifty-two week high of $11.25. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.19.

Easterly Acquisition Company Profile

Easterly Acquisition Corp. does not have significant operations. It intends to engage in a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with companies operating in the financial services industry. The company was founded in 2015 and is based in New York, New York.

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